WASHINGTON – Rep. Randy Neugebauer (R-TX), Chairman of the Financial Services Subcommittee on Financial Institutions and Consumer Credit, today questioned Federal Reserve Chair Janet Yellen regarding the designation of certain financial institutions as “systemically important.” Specifically, he addressed concerns surrounding the application of enhanced prudential standards and the failure of the Federal Reserve to tailor those standards based on a financial institution’s complexity. Excerpts and full video below:
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